América Móvil (NYSE:AMX) Sets New 12-Month Low – Here’s Why

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) hit a new 52-week low during trading on Monday . The stock traded as low as $14.02 and last traded at $14.07, with a volume of 136960 shares. The stock had previously closed at $14.25.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMX. Scotiabank cut their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group reduced their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, StockNews.com began coverage on shares of América Móvil in a report on Friday, November 22nd. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.48.

América Móvil Stock Down 1.3 %

The firm’s 50 day moving average price is $15.46 and its 200-day moving average price is $16.38. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The company has a market cap of $43.16 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The business had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. As a group, equities research analysts expect that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current year.

América Móvil Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $0.245 per share. The ex-dividend date was Friday, November 8th. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. América Móvil’s payout ratio is 34.33%.

Hedge Funds Weigh In On América Móvil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new stake in shares of América Móvil in the 2nd quarter valued at approximately $59,000. CENTRAL TRUST Co boosted its position in shares of América Móvil by 3,500.0% during the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 3,500 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of América Móvil by 195.9% in the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after buying an additional 2,322 shares during the period. Allworth Financial LP increased its position in shares of América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 1,567 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in América Móvil during the 3rd quarter worth $177,000. Institutional investors own 6.30% of the company’s stock.

About América Móvil

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.